Business
Please quote reference B08320
CoGoGo presents an exciting opportunity to acquire The Compton Barber Shop, a well-established and recently refurbished barber business located in the vibrant city of Plymouth.
Owned and operated by the current owner for 16 years, this profitable shop has become a staple in the local community, with a loyal customer base and an excellent reputation for quality haircuts and grooming services.
Unfortunately, the business has been brought to the market, due to ill health and impending retirement.
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The business has now ceased trading, but this presents an excellent opportunity for a seamless takeover. All fixtures, fittings, and assets are included in the sale, ensuring that the new owner can start trading immediately without needing further investment in equipment or setup.
Key Features:
- 16 years of successful trading with a strong local presence.
- Recently refurbished to a high standard, ensuring a modern and inviting atmosphere.
- Prime location with high visibility, foot traffic, and a steady flow of passing trade.
- All assets (fixtures, fittings and barbering equipment) are included for a smooth transition.
- The lease is available for immediate occupancy.
Despite the business’s success, there is significant room for growth and expansion. The new owner could:
- Extend opening hours or introduce weekend trading to capture more customers.
- Offer additional services such as beard grooming, hot towel shaves, or product sales.
- Invest in marketing strategies such as social media advertising or loyalty programs to attract new clients.
- Consider hiring additional barbers to increase capacity and serve more clients simultaneously.
- Explore opportunities for mobile services or partnerships with local events and businesses.
This is a fantastic opportunity for someone with passion and vision to continue and expand upon the success of The Compton Barber Shop.
Location
The shop is ideally located in a prime position with high footfall and strong passing trade, making it an attractive proposition for any aspiring barber or entrepreneur.
Premises
The Compton Barber is situated in a detached, double-fronted premises, featuring striking, eye-catching signage that draws attention. The large windows offer an inviting view into the stylish interior, enhancing the shop’s curb appeal and visibility.
Tenure
This opportunity is being sold on a Leasehold basis with 19 years remaining on the lease.
The current rent is £9,240 per annum.
Hours
The operating hours were:
Monday to Friday – 8:30 am to 5:30 pm
Saturday – 8:30 am to 4:00 pm
Sunday – Closed
Staff
The business was run and managed by our client with the help of 3 staff members.
Financial Profile
This business generated a turnover of £59,000. Full financials can be made available upon further request.
